Ron Johnson: “Social Security has an $18.7 trillion unfunded liability.”

“But even when our profits went down, we did everything possible to maintain our contribution to the retirement fund. And I know we called a payroll tax, but I've always viewed that payroll tax as a contribution to … Social Security has an $18.7 trillion unfunded liability. … year. It was supposed to boost the economy, you know, create jobs. It didn't do. Wasn't particularly effective. We starved the Social Security fund by 1 point or $112 billion this year.” (00:45–00:50)

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